News View Non-AMP

Crypto News Today (03rd Feb 2025): Market Plunges as Tariff War Sparks Fear?

Published by
Shrishesh Tanksalkar

The crypto market today has suffered a steep fall, with its total market cap plunging 11.15% to $3 trillion. The recent market collapse follows fears of rising inflation triggered by Trump’s tariff war, affecting both stock and crypto markets. Meanwhile, trading volume skyrocketed by 174.04% to $291.45 billion as traders sprinted to reposition their holdings. Amidst, the ruckus, the Fear & Greed Index has slipped to 39, signaling anxiety among investors.

Bitcoin Dips to $92k as Liquidations Rise?

Bitcoin has tumbled 6.86% in the last 24 hours, currently valued at $92,871.48. The largest cryptocurrency by market cap has seen its valuation drop to $1.84 trillion, while its dominance remains strong at 61.58%. The 24-hour trading volume surged 178.63% to $93.7 billion, reflecting growing trading activity.

For an in-depth outlook, read our Bitcoin Price Prediction 2025, 2026-2030 to monitor BTC’s next potential moves.

Altcoins Suffer Massive Losses

Ethereum has seen the sharpest drop among major altcoins, falling 20.37% to $2,471.85. Solana and XRP also recorded steep declines, losing 8.19% and 24.21%, respectively. The overall altcoin market remains under pressure as Bitcoin’s dip drags down sentiment.

Curious about your ETH holdings? Check out our Ethereum Price Prediction 2025, 2026-2030.

Top Gainers: DeXe Stands Alone

  • DeXe (DEXE): The only gainer in the top 100, rose just 0.91% to $21.07.

Top Losers: Market Faces Harsh Sell-Off

  • SPX6900: Plunged 33.13% to $0.6954.
  • FLOKI: Dropped 32.18% to $0.0000805.
  • GALA: Fell 31.66% to $0.01916.

Subscribe to stay tuned for the latest updates on market trends and expert analysis!

FAQs

How much does 1 Bitcoin cost today?

Bitcoin is currently priced at $92,871.48, reflecting a 6.86% decline in 24 hours.

Which tokens have suffered the biggest losses today?

SPX6900, FLOKI, and GALA have recorded the largest declines, dropping over 30% each.

How has Ethereum performed today?

Ethereum has fallen by 20.37% in the past 24 hours, currently trading at $2,471.85.

Shrishesh Tanksalkar

Recent Posts

Stablecoins Associated with First Digital Trust (FDT) Temporarily Depegs as Justin Sun Warns of Company’s Insolvency

In a surprising turn of events, Justin Sun, a prominent figure within the Tron (TRX)…

April 2, 2025

Trump Tariffs Live: Bitcoin Price Rallies To $87000 On ‘Liberation Day’

Cryptocurrency markets are experiencing fluctuations as traders brace for President Donald Trump's "Liberation Day" announcement,…

April 2, 2025

Grayscale Announces Launch of Two New Bitcoin ETFs: Here’s What They Are

Grayscale, a leading crypto asset manager, has introduced two new Bitcoin ETFs, offering a fresh…

April 2, 2025

Remember This Name! Remittix Presale Becomes the Top Predicted of 2025 as Project Raises Almost $15M in Record Time

In a year marked by conservatism and a sentiment shift in crypto, one name is…

April 2, 2025

Has Elon Musk Forgotten About Dogecoin (DOGE)?

Particularly for Dogecoin (DOGE), Elon Musk, the billionaire entrepreneur CEO of Tesla and SpaceX, has…

April 2, 2025

Shiba Inu Drops 9%, but RUVI AI’s (RUVI) Token Might Be the Meme Coin Killer as Investors Rush to Claim their Bonus

The cryptocurrency market is no stranger to ups and downs, and this week, Shiba Inu…

April 2, 2025